HCS/SS/SCS/SBs 20, 15 & 19 - This act modifies provisions of law regarding certain benevolent tax credits. The Public Safety Officer Surviving Spouse Tax Credit program currently sunsets on August 28, 2013. This act extends the sunset to December 31, 2019. (Section 135.090)
The provisions authorizing unused funds from the Special Needs Adoption Tax Credit be used for the Children in Crisis Tax Credit are eliminated. A $2 million cap is established for in-state adoptions. The act prohibits use of the tax credit for out-of-state adoptions. (Section 135.327)
The Children in Crisis Tax Credit program provided an income tax credit for contributions to child advocacy centers, crisis care centers, and entities that receive funding from the Court-Appointed Special Advocate Fund. This tax credit program sunset on August 28, 2012. This act reauthorizes this tax credit as of the effective date of the act and sets a sunset of December 31, 2019. This act changes the name of the tax credit to the Champion for Children tax credit. A two million dollar per tax year cap is set for the tax credit. Contributions made on or after January 1, 2013 will be eligible for the tax credit. (Section 135.341)
This act extends the sunset from December 2013 to December 2019 on the section of law that creates the tax credit for certain taxpayers who modify their homes to make them accessible for a disabled resident.
Currently, the Rebuilding Communities tax credit program has a ten million dollar annual cap. If there are tax credits remaining under the cap, up to 100,000 dollars of this tax credit cap shall first be used for the residential dwelling accessibility tax credit. This act removes such a requirement that tax credits under the Rebuilding Communities tax credit cap be provided to the residential dwelling accessibility tax credit. (Sections 135.535 and 135.562)
The provisions of law authorizing a tax credit for contributions to pregnancy resource centers sunset on August 28, 2012. This act reauthorizes this tax credit program as of the effective date of the act and sets a sunset of December 31, 2019. Contributions made on or after January 1, 2013 will be eligible for the tax credit. The act prohibits the assignment or transfer of the pregnancy resource center tax credit. (Section 135.630)
The tax credit for donations to food pantries expired August 28, 2011. This act reauthorizes this tax credit program as of the effective date of the act and sets a sunset of December 31, 2019. Contributions made on or after January 1, 2013 will be eligible for the tax credit. The previous cap of $2 million per fiscal year is reduced to $1.25 million. (Section 135.647)
The act places the recently created developmental disability care provider tax credit program under the requirements of the Tax Credit Accountability Act of 2004. (Section 135.800)
This act has an emergency clause.
This act is similar to HB 87 (2013) and HB 368 (2013) and to provisions contained in SS/SCS/HCS/HB 1865 (2012), SCS/HCS/HBs 1278 & 1152 (2012), SCS/SB 548 (2012), SB 471 (2012), SB 532 (2012), SB 582 (2012), and SB 708 (2012).
MIKE HAMMANN